The Europe Smart Grid Sensors Market would witness market growth of 15.6% CAGR during the forecast period (2022-2028).
Smart grids generate a vast quantity of data, which may be used and transformed into insightful information with the help of AI technologies. For example, operators may judge energy distribution from one site to another, operating variables and data about weather, demand, geography, or generating assets. But, even at the consumer level, AI is essential to assist families in understanding how much energy each of their particular appliances is using and how to change their use to be more economical.
As a result of this AI movement, several startups have joined the market. For example, upside energy, established in the UK, employs automated algorithms to balance supply and demand and assist grids in managing variations and peak consumption. On the business-to-business side, Fresh Energy, a rated company, links to smart meters and utilizes AI to provide users with information and advice about their power usage.
It is anticipated that the advent of new technologies, such as IoT solutions, will provide an opportunity for expansion. For example, Itron introduced a new home smart power meter for the German market in April 2021. As a result, the approach may work in contexts with several vendors. Governments throughout Europe are investing in advanced metering infrastructure as part of the growing efforts to upgrade the electrical grid and decrease T&D losses. By 2024, the EU will have installed nearly 225 million smart meters for electricity and 51 million for gas. This entails a possible €47 billion investment. Around 77% of European users will have smart power meters by 2024. A gas one will be used by approximately 44%. These and other reasons are fueling the European market for smart grid sensors.
The Germany market dominated the Europe Smart Grid Sensors Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $54.2 Million by 2028. The UK market is estimated to grow a CAGR of 14.6% during (2022 - 2028). Additionally, The France market would experience a CAGR of 16.4% during (2022 - 2028).
Based on Application, the market is segmented into Smart Energy Meter, Advanced Metering Infrastructure, Smart Grid Distribution Management, Supervisory Control & Data Acquisition and Others. Based on Type, the market is segmented into Voltage & Temperature Sensors, Outage Detection and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Grid Sensors Market will Hit $913.8 Million by 2028, at a CAGR of 15.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company (GE Grid Solutions), Siemens Energy AG, ABB Group, Renesas Electronics Corporation (Echelon Industries Corporation), Aclara Technologies LLC. (Hubbell Incorporated), Landis+Gyr Group AG, Itron, Inc., S&C Electric Company, Trilliant Holdings, Inc., and Sentient Energy, Inc. (Koch Engineered Solutions) (Koch Industries, Inc.)
Scope of the Study
Market Segments Covered in the Report:
By Application
- Smart Energy Meter
- Advanced Metering Infrastructure
- Smart Grid Distribution Management
- Supervisory Control & Data Acquisition
- Others
By Type
- Voltage & Temperature Sensors
- Outage Detection
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company (GE Grid Solutions)
- Siemens Energy AG
- ABB Group
- Renesas Electronics Corporation (Echelon Industries Corporation)
- Aclara Technologies LLC. (Hubbell Incorporated)
- Landis+Gyr Group AG
- Itron, Inc.
- S&C Electric Company
- Trilliant Holdings, Inc.
- Sentient Energy, Inc. (Koch Engineered Solutions) (Koch Industries, Inc.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Grid Sensors Market, by Application
1.4.2 Europe Smart Grid Sensors Market, by Type
1.4.3 Europe Smart Grid Sensors Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
3.2 Strategies deployed in Smart Grid Sensors Market
Chapter 4. Europe Smart Grid Sensors Market by Application
4.1 Europe Smart Energy Meter Market by Country
4.2 Europe Advanced Metering Infrastructure Market by Country
4.3 Europe Smart Grid Distribution Management Market by Country
4.4 Europe Supervisory Control & Data Acquisition Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe Smart Grid Sensors Market by Type
5.1 Europe Voltage & Temperature Sensors Market by Country
5.2 Europe Outage Detection Market by Country
5.3 Europe Others Market by Country
Chapter 6. Europe Smart Grid Sensors Market by Country
6.1 Germany Smart Grid Sensors Market
6.1.1 Germany Smart Grid Sensors Market by Application
6.1.2 Germany Smart Grid Sensors Market by Type
6.2 UK Smart Grid Sensors Market
6.2.1 UK Smart Grid Sensors Market by Application
6.2.2 UK Smart Grid Sensors Market by Type
6.3 France Smart Grid Sensors Market
6.3.1 France Smart Grid Sensors Market by Application
6.3.2 France Smart Grid Sensors Market by Type
6.4 Russia Smart Grid Sensors Market
6.4.1 Russia Smart Grid Sensors Market by Application
6.4.2 Russia Smart Grid Sensors Market by Type
6.5 Spain Smart Grid Sensors Market
6.5.1 Spain Smart Grid Sensors Market by Application
6.5.2 Spain Smart Grid Sensors Market by Type
6.6 Italy Smart Grid Sensors Market
6.6.1 Italy Smart Grid Sensors Market by Application
6.6.2 Italy Smart Grid Sensors Market by Type
6.7 Rest of Europe Smart Grid Sensors Market
6.7.1 Rest of Europe Smart Grid Sensors Market by Application
6.7.2 Rest of Europe Smart Grid Sensors Market by Type
Chapter 7. Company Profiles
7.1 General Electric Company (GE Grid Solutions)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Siemens Energy AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.5.3 Acquisition and Mergers:
7.3 ABB Group
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Renesas Electronics Corporation (Echelon Industries Corporation)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Aclara Technologies LLC. (Hubbell Incorporated)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.6 Landis+Gyr Group AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research and Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 Itron, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.8 S&C Electric Company
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Trilliant Holdings, Inc.
7.9.1 Company Overview
7.10. Sentient Energy, Inc. (Koch Engineered Solutions) (Koch Industries, Inc.)
7.10.1 Company Overview
TABLE 1 Europe Smart Grid Sensors Market, 2018 - 2021, USD Million
TABLE 2 Europe Smart Grid Sensors Market, 2022 - 2028, USD Million
TABLE 3 Europe Smart Grid Sensors Market by Application, 2018 - 2021, USD Million
TABLE 4 Europe Smart Grid Sensors Market by Application, 2022 - 2028, USD Million
TABLE 5 Europe Smart Energy Meter Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Smart Energy Meter Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Advanced Metering Infrastructure Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Advanced Metering Infrastructure Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Smart Grid Distribution Management Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Smart Grid Distribution Management Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Supervisory Control & Data Acquisition Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Supervisory Control & Data Acquisition Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Smart Grid Sensors Market by Type, 2018 - 2021, USD Million
TABLE 16 Europe Smart Grid Sensors Market by Type, 2022 - 2028, USD Million
TABLE 17 Europe Voltage & Temperature Sensors Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Voltage & Temperature Sensors Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Outage Detection Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Outage Detection Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Smart Grid Sensors Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Smart Grid Sensors Market by Country, 2022 - 2028, USD Million
TABLE 25 Germany Smart Grid Sensors Market, 2018 - 2021, USD Million
TABLE 26 Germany Smart Grid Sensors Market, 2022 - 2028, USD Million
TABLE 27 Germany Smart Grid Sensors Market by Application, 2018 - 2021, USD Million
TABLE 28 Germany Smart Grid Sensors Market by Application, 2022 - 2028, USD Million
TABLE 29 Germany Smart Grid Sensors Market by Type, 2018 - 2021, USD Million
TABLE 30 Germany Smart Grid Sensors Market by Type, 2022 - 2028, USD Million
TABLE 31 UK Smart Grid Sensors Market, 2018 - 2021, USD Million
TABLE 32 UK Smart Grid Sensors Market, 2022 - 2028, USD Million
TABLE 33 UK Smart Grid Sensors Market by Application, 2018 - 2021, USD Million
TABLE 34 UK Smart Grid Sensors Market by Application, 2022 - 2028, USD Million
TABLE 35 UK Smart Grid Sensors Market by Type, 2018 - 2021, USD Million
TABLE 36 UK Smart Grid Sensors Market by Type, 2022 - 2028, USD Million
TABLE 37 France Smart Grid Sensors Market, 2018 - 2021, USD Million
TABLE 38 France Smart Grid Sensors Market, 2022 - 2028, USD Million
TABLE 39 France Smart Grid Sensors Market by Application, 2018 - 2021, USD Million
TABLE 40 France Smart Grid Sensors Market by Application, 2022 - 2028, USD Million
TABLE 41 France Smart Grid Sensors Market by Type, 2018 - 2021, USD Million
TABLE 42 France Smart Grid Sensors Market by Type, 2022 - 2028, USD Million
TABLE 43 Russia Smart Grid Sensors Market, 2018 - 2021, USD Million
TABLE 44 Russia Smart Grid Sensors Market, 2022 - 2028, USD Million
TABLE 45 Russia Smart Grid Sensors Market by Application, 2018 - 2021, USD Million
TABLE 46 Russia Smart Grid Sensors Market by Application, 2022 - 2028, USD Million
TABLE 47 Russia Smart Grid Sensors Market by Type, 2018 - 2021, USD Million
TABLE 48 Russia Smart Grid Sensors Market by Type, 2022 - 2028, USD Million
TABLE 49 Spain Smart Grid Sensors Market, 2018 - 2021, USD Million
TABLE 50 Spain Smart Grid Sensors Market, 2022 - 2028, USD Million
TABLE 51 Spain Smart Grid Sensors Market by Application, 2018 - 2021, USD Million
TABLE 52 Spain Smart Grid Sensors Market by Application, 2022 - 2028, USD Million
TABLE 53 Spain Smart Grid Sensors Market by Type, 2018 - 2021, USD Million
TABLE 54 Spain Smart Grid Sensors Market by Type, 2022 - 2028, USD Million
TABLE 55 Italy Smart Grid Sensors Market, 2018 - 2021, USD Million
TABLE 56 Italy Smart Grid Sensors Market, 2022 - 2028, USD Million
TABLE 57 Italy Smart Grid Sensors Market by Application, 2018 - 2021, USD Million
TABLE 58 Italy Smart Grid Sensors Market by Application, 2022 - 2028, USD Million
TABLE 59 Italy Smart Grid Sensors Market by Type, 2018 - 2021, USD Million
TABLE 60 Italy Smart Grid Sensors Market by Type, 2022 - 2028, USD Million
TABLE 61 Rest of Europe Smart Grid Sensors Market, 2018 - 2021, USD Million
TABLE 62 Rest of Europe Smart Grid Sensors Market, 2022 - 2028, USD Million
TABLE 63 Rest of Europe Smart Grid Sensors Market by Application, 2018 - 2021, USD Million
TABLE 64 Rest of Europe Smart Grid Sensors Market by Application, 2022 - 2028, USD Million
TABLE 65 Rest of Europe Smart Grid Sensors Market by Type, 2018 - 2021, USD Million
TABLE 66 Rest of Europe Smart Grid Sensors Market by Type, 2022 - 2028, USD Million
TABLE 67 KEY INFORMATION – GENERAL ELECTRIC Company
TABLE 68 Key Information – Siemens Energy AG
TABLE 69 Key Information – ABB Group
TABLE 70 key information – Renesas Electronics Corporation
TABLE 71 Key Information – Aclara Technologies LLC.
TABLE 72 Key Information – Landis+Gyr Group AG
TABLE 73 Key Information – Itron, Inc.
TABLE 74 Key information – S&C Electric Company
TABLE 75 Key information – Trilliant Holdings, Inc.
TABLE 76 key Information – Sentient Energy, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 Recent strategies and developments: General Electric Company
FIG 4 Swot analysis: General electric (GE) Co.
FIG 5 Recent strategies and developments: Siemens Ltd.
FIG 6 SWOT Analysis: ABB Group